Friday, December 11, 2009

Weak budgetary policy threatens stability of hryvnya - President

President Victor Yushchenko believes that weak fiscal policy of the Government is the only threat to the stability of national currency, he said answering questions from reporters during his visit to Poltava region.

President once again called on the Government to demonstrate strict budgetary policy and stop "giving away candies of sweet promises to the people.

"Today we see an attempt to patch professional failures, which were made in the formation of 2009 budget by the destabilization of the currency, and substitute the funding through budgetary revenue budget by the emission by the National Bank", President said.

In addition, the President expressed negative attitude towards the initiative of the Prime Minister to consider redistribution of National Bank's profits and targeting them to finance various projects.